Sixteen scheduled banks on Monday signed participant agreement with Bangladesh Bank to join the refinancing scheme of the central bank worth Tk 200 crore to inject necessary credit into the jute sector. Jute sector entrepreneurs will be able to receive loans from the refinance fund at the interest rate of 9 per cent. The banks made the deal at the central bank headquarters inthe capital where BB deputy governor SK Sur Chowdhury and
managing directors of the 16 banks attended.
The 16 banks are Sonali Bank, Janata Bank, Agrani Bank, Rupali Bank, BASIC Bank, United Commercial Bank, IFIC Bank, National Bank, Prime Bank, AB Bank, Mercantile Bank, Uttara Bank, Bank Asia, Standard Bank, ONE Bank and The City Bank.
State-owned jute mills, private jute mills and raw jute traders and exporters will get 40 per cent, 40 per cent and 20 per cent loans respectively from the refinance fund.
If any amount under the 40-per cent quota for the state-owned jute mills remains unused, that will be disbursed among the private jute mills, a BB official told New Age on Monday.
The fund for the refinance scheme will come from the BB’s own treasury and the commercial banks would get loans from the refinance scheme at the interest rate of 5 per cent.
The banks will disburse the loan among the businesspeople at the interest rate of 9 per cent.
-With New Age input
